Close to 25% of species in the animal kingdom face the risk of extinction. A variety of stresses, largely anthropogenic in nature, and lack of sufficient resources and political support to counteract this biodiversity crisis, suggest that we will witness the extinction of many thousands of species in the coming years. Unless we act now to, at least, preserve samples from each and every threatened species, these extinct species will be lost forever. To preserve record of the world's biodiversity, establishment of genome resource banks is thus desirable. Presently, biobanking is done almost exclusively by cryopreservation, followed by maintenance of the samples under liquid nitrogen. Cryopreservation has satisfactory efficiency but it comes with a host of problems. The process is also highly species-specific. Like in many other walks of life, we can search Nature for better alternatives. When longterm preservation is desired, Nature opted for controlled drying rather than in water preservation via freezing. Nature also created an assortment of materials that protect organisms from damages during the drying and rehydration processes. Once dry, these organisms can survive extended periods of time and be resistant to extreme environmental stressors. Over the past 70 years researchers attempted applying this idea to preserved desiccation-sensitive mammalian cells in the dry form. Desiccation is experiencing increased interest in recent years with some exciting developments. Presented here an overview of dry preservation and its possible applications towards establishment of dry biobanks as part of our endeavour to preserve the world's biodiversity.